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Search Results 0 to 7 of about 8 (some duplicates have been removed)
in hawaii, first lady michelle obama took phone calls from some lucky kids who are tracking the progress of santa claus through a site set up by norad. as it turns out, a record number of those kids and adults were looking for reel time updates on st. nick. as of midnight, trackers answered more than 111,000 calls. that is 4,000 more than last christmas. pretty cool. >>> major markets ended christmas eve on the downside, but who could be gloomy with santa on hand to ring the bell. chris botti jazzed up the stock exchange with a little christmas cheer. some 17 million shoppers were out yesterday with gift cardeds, wine and liquor topping last minute flicks. netflix suffered a massive outage which it blamed on the cloud network. acer is reportedly looking to launch a $99 tablet early next year. >>> if you are looking for last minute gift or maybe a bite to eat this morning it, starbucks, ihop and equal green's should all be open today. >>> it will be a short merry christmas for members of congress with the country perched on the precipice of what some are calling fiscal disaster. lawmakers
. president obama flying home from hawaii this morning to try and get a deal on the fiscal cliff with the deadline just five days away now, but are the two sides even talking? >>> 36 million hits and counting. the videos that made us laugh, cry and cringe in 2012. we are going to look back at four of the year's most talked about internet sensations as the stars of them join us live in the studios, thursday, december 27th, 2012. >>> from nbc news, this is "today" with matt lauer and savannah guthrie, live from studio 1a in rockefeller plaza. >>> good morning. welcome to "today" on this thursday morning. i'm savannah guthrie. >> i'm willie geist in this morning for matt. we have the party music on for a reason. it's someone's birthday in this room today. happy birthday, savannah. >> thank you. i'm getting my musical request for today. a little techovibe. >> we will have the carbon daters to take us back to the day you were born. >> do you need to tweet out my age? >> i gave some hints. >> turning 30, very excited about that. >> we'll let you have that one. >> a lot of wind in the n
today. the president is pulling the plug on his trip to hawaii to tend to urgent matters in washington. with tax hikes looming in less than a week, he's scheduled to return to the white house tomorrow, just as a deadlocked congress reconvenes days ahead of the so-called fiscal cliff. you're just six days from feeling this. now, first hit is coming on january 1st when your take home pay will drop by 2% because of a scheduled hike in the social security payroll tax. that's just the start. income taxes are set to climb too. and you'll notice that when employer gets to around the adjusted withholding, the government spending cuts, those are also scheduled for january 1st and bound to slow the economy and some argue they'll weaken the military. congress has seen this coming, but an effort to limit the damage failed last week. republican house speaker john boehner could not persuade enough members of his party to let tax rates rise on incomes over a million dollars while sparing everyone else. dana bash is our senior congressional correspondent. dana, this time tomorrow, the president is sup
left hawaii. he left last night, arriving in d.c. early this morning. the senate is also coming back from its christmas vacation to work on a deal today. sources tell us majority leader harry reid will be pushing a scaled back version of the fiscal cliff package that president obama laid out last week. it moved the tax hike needle to $400,000 per household. no word yet on when the house might come back with time ticking away. democrats are hoping that a scaled back plan could get through the house, senate and white house before that big ball drops on 2013. that would be sometime on december 30th or even on new years eve. we want to bring in jonathan allen. he's a senior national correspondent for politico. the top headline on politico is fiscal cliff deal increasingly unlikely. i think a lot of people are feeling that pessimism right now. what are you hearing? >> well, i think what you've got here, alena, is a nash equilibrium to borrow from economic theory and game theory. each of the players believe they are pursuing their optimal strategies given the strategies of the other player
morning. >> reporter: well, good morning, rebecca. the president boarded air force one in hawaii early this morning and headed back to washington to deal with the so-called fiscal cliff. with just five days until the combination of automatic tax increases and spending cuts that could send the economy back into recession, the president wants congress to take the lead in getting the job done. the senate convenes later today and majority leader harry reid has told members to be prepared to work on fiscal cliff issues through the weekend. reid is working on his own plan to get members to come together before the end-of-the-year deadline. that plan would likely include letting the bush tax cuts expire for households making more than $250,000 a year and short-term spending cuts instead of the massive cuts that would occur if there is no deal. after a wednesday conference call, house republican leaders issued a statement saying they're waiting for the democratic-controlled senate to act. adding to an already volatile situation, treasury secretary tim geithner in a lette
both be blamed for. that's why we have the president flying back from hawaii. that's why we have republicans coming in on sunday even though neither side expects it to change any. the great line in this story, the talking bint it they have is the lines of communication remain open, but all are reporting that the lines of communication may remain open but they're not saying anything. they're negotiating out loud. it's like when you send an e-mail and put your boss on it or copy the whole office. you're not trying to persuade but make your point. >> i'll never do that. richard wolf, are you still awake down there. >> i am. i go to starbucks. >> let me ask you this unearned sense of optimism that seeps out between talk of going over the cliff. we'll go over the cliff but get a deal done within the next two weeks after january 1st. why am i thinking maybe they won't get a deal done? >> right. why? because you watched these idiots try to come up with a deal sore. they didn't have an agreement with the recovery act and republicans didn't want to step up then. we're talking about two se
expired. for what purpose does the the gentlewoman from hawaii rise? without objection. ms. hanabusa: madam speaker, when chairman bernanke first coined the phase the fiscal cliff he was describing the perfect storm. the fiscal cliff is not only sequestration, the impact of the budget control act, but also includes not limited to the expiration of the bush tax cuts, the unemployment insurance, the s.g.r., the a.m.t. patch, the debt limit, other tax provisions . ergo, the perfect storm. major issues that this republican controlled house will not address until the wealthy are protected. we must address a sufficient number of these provisions to avert the perfect storm. to do so we must work to building the public confidence so we can continue, continue steady growth in the economy and jobs. the true way to avert the cliff. this is why we must do what is best for the middle and working class first. extend the bush tax for the middle class,, tend unemployment insurance, s.g.r., a.m.t. patch, delay the sequestration. those items which we can all agree upon. we've got to get to work. thank
Search Results 0 to 7 of about 8 (some duplicates have been removed)